Thread: Rod's Account Talk

Originally Posted by nnuut

Nah, I could be wrong but tomorrow may be a profit Taking day and Thursday has Initial Claims and Retail Sales numbers. Sooooo I'll just sit where I am, never liked jumping in on a big up day, but sometimes it works out!

Well, I've been trying to instill into myself the lessons I've learned over the years. Just to name a few from my account talk previous posts:

Perhaps the smart thing for us (I) Funders or anyone for that matter to do after a correction is not to jump in 100% within a couple days after in case the bottom is still forming.

Maybe we should use a little DCA to lessen the blow if the bottom hasn't been reached.

At least it will do our psyche good knowing we weren't in 100% on a continued slide while we simply DCA'd another 10% for a cheaper buy.

The reason why most of us don't do this is because we want that huge chunk of change, and we want it now. Maybe it's time to rethink that, especially during a correction.

Remember those emotions folks...

If you're in, you may want to consider simply riding it out instead of selling it off.

Heck, look how quickly we gained back Feb's losses.
We learn lessons over time, and one of those is patience pays... whether you are IN or OUT of the market.

For those of you stuck in this downtrend, it can become very discouraging and quite scary. I was there myself in the summer of 2006 (see previous posts in this thread during that period).

My advice would be not to give in and sell-off (like I had done). Stick it out, and actually DCA in with new monies... if that's your piece of cake.

Once this market takes off, it'll take off big. And if you are currently registering a loss, you don't want to miss that rebound.

We don't know when that rebound is going to come, or what will be its catalyst. But it will come.

Your patience and determination will pay off!

Please be patient before jumping in. Yes, you may miss a few snap rallies. But it's best to wait until the techinical picture becomes much clearer and the trend is UP!

On that note, our IFT limits makes it so much more difficult to trade our accounts. I need to adjust my lessons learned to those limits.
To be quite honest, I wasn't thinking about how many trades I had left when I went 90 (G) and 10 (C) today. I now have ZERO trades left for March. If I would have thought about it, I would have remained 100 (C) so I can DCA back out into (G), if necessary. Now, I'm stuck playing with 10% of my account for the next 3 weeks.

I think I will blame that blunder on the oxycodone.

God Bless, and Good Luck out there.

Good advise Rod:
I have only one IFT left this Month. Considering how many times I've seen a down day after a BIG UP day (most of the time?) I thought it was a better idea to wait and see what happens Tomorrow and Thursday. If the rally turns into an uptrend I will go in then.

Originally Posted by nnuut

Good advise Rod:
I have only one IFT left this Month. Considering how many times I've seen a down day after a BIG UP day (most of the time?) I thought it was a better idea to wait and see what happens Tomorrow and Thursday. If the rally turns into an uptrend I will go in then.

With the TSP, be cautious about entering after 2 or 3 UP days because they could be the only UP days, and then we head south again.

With a particular trading platform, PLAY IT NOW!

When I make a move I later second guess, I continue to maintain a separate tracker for that previous allocation just to see where I would be at had I not made the move. That said, had I maintained 70 (I) 30 (C), I would be sitting @ -6.75% instead of the -9.28% I am currently at.

So, I no longer feel that bad about making the move.

Now, tomorrow will be another story if we have a follow through rally.

But, I'll still be a happy camper because I'm in the market with my Roth.

God Bless

FYI...

Today's rally was the largest since 24 Nov. 16 Dec came close to today's levels.

Yesterday and today was the first 2-day winning streak since 5&6 Feb.

If tomorrow ends positive, it will be the first 3-day winning streak since 26-28 Jan.

Although today's gains were modest, we can always look at them as sustaining yesterday's action.

God Bless

Happy Birthday!

Happy Birthday ROD!!!

Happy birthday, my friend!

Lady

Happy Birthday Rod,

I hope you had a good one.

HB2U Rod!